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Trend of Bull Bias GBPCAD 1H
▸When GBPCAD is in Bull Bias:
- then GBPCAD moved to higher Market State: 1,155 times — 27.1%
- then GBPCAD moved to lower Market State: 3,110 times — 72.9%
▸Current GBPCAD market energy: 39.19%
- Distance to upper bound of Bull Bias (at 60%): 20.81%
- Distance to lower bound of Bull Bias (at 20.88%): 18.31%
"Let data guide you, but never trust it completely" — 2AITRADING
Reading from the 1H candle, Market Energy of GBPCAD indicates the Bull Bias zone.
On the 2AiTrading energy system, Market Energy rose +10.7% from the previous session, from 28.5% to 39.2%.
Time in Bull Bias energy zone: 10 1H Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, GBPCAD Market Energy ranged from -51.2 to +76.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was GBPCAD on 1H when this candle closed?
When the 1H candle at 10:00 on 05-12-2024 closed, GBPCAD was in Bull Bias with Market Energy 39.2%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 10.7 percentage points from the previous candle — from 28.5% to 39.2%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at 28.5%, Bull Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bull Bias zone?
At 39.2%, GBPCAD is 20.81 points from the upper boundary of Bull Bias (60%) and 18.31 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Critical with energy 66.4%; GER40 (European equities) in Bull Bias with energy 49.8%. Against this backdrop, GBPCAD (Bull Bias, 39.2%) lower than SPX500; sits in the same state zone as GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -37.9%. GBPCAD (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for GBPCAD.
Open Energy ChartSee the full 2AiTrading Model data for GBPCAD on the GBPCAD overview →
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